Made Diamonds Limited - Accounts to registrar (filleted) - small 18.2

Made Diamonds Limited - Accounts to registrar (filleted) - small 18.2

MADE DIAMONDS LIMITED - Company Information

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REGISTERED NUMBER: 09444244 (England and Wales)















MADE DIAMONDS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020





Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU








MADE DIAMONDS LIMITED (REGISTERED NUMBER: 09444244)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


MADE DIAMONDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTOR: Mr S.J. Foulkes





REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU





BUSINESS ADDRESS: 3 Barnett Street
Stourbridge
West Midlands
DY8 5QL





REGISTERED NUMBER: 09444244 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MADE DIAMONDS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of
Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of
the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements
of Made Diamonds Limited for the year ended 31 March 2020 which comprise the Income Statement, Statement of Financial Position,
Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations
you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Made Diamonds Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Made Diamonds Limited and state those matters that we have agreed to state to the director of Made Diamonds Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Made Diamonds Limited and its director for our work or for this report.

It is your duty to ensure that Made Diamonds Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Made Diamonds Limited. You consider that Made Diamonds Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Made Diamonds Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


2 July 2020

This page does not form part of the statutory financial statements

Page 2
MADE DIAMONDS LIMITED (REGISTERED NUMBER: 09444244)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,818 1,346

CURRENT ASSETS
Stocks 1,616 3,210
Cash at bank 12,779 17,201
14,395 20,411
CREDITORS
Amounts falling due within one year 5 11,789 10,065
NET CURRENT ASSETS 2,606 10,346
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,424
11,692

PROVISIONS FOR LIABILITIES 345 256
NET ASSETS 4,079 11,436

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,979 11,336
SHAREHOLDERS' FUNDS 4,079 11,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2020 and were signed by:





Mr S.J. Foulkes - Director


The notes form part of these financial statements

Page 3
MADE DIAMONDS LIMITED (REGISTERED NUMBER: 09444244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020


1. STATUTORY INFORMATION

Made Diamonds Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that
it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial
position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or
substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 4 continued...
MADE DIAMONDS LIMITED (REGISTERED NUMBER: 09444244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2019 404 1,769 2,173
Additions - 791 791
At 31 March 2020 404 2,560 2,964
DEPRECIATION
At 1 April 2019 192 635 827
Charge for year 31 288 319
At 31 March 2020 223 923 1,146
NET BOOK VALUE
At 31 March 2020 181 1,637 1,818
At 31 March 2019 212 1,134 1,346

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 1,497 -
Trade creditors (12,988 ) 213
Taxation and social security 5,184 5,823
Other creditors 18,096 4,029
11,789 10,065

Page 5